What is Huobi’s platform currency?
What is Huobi’s platform currency? In the traditional financial industry, there
What is Huobi’s platform currency? In the traditional financial industry, there is a token or point system called “token”. According to the traditional circulation method, there are two types: centralized exchanges and decentralized exchanges (DEX). Among them, exchanges obtain HT as value support by issuing tokens on trading platforms on behalf of users. For example, Huobi has launched a platform mining mechanism to incentivize user participation behavior, while other exchanges use this mechanism for repurchase and destruction as a means for platform profit.
However, due to some technical flaws, Huobi was unable to provide a stable price for digital assets and lacked protection measures for investors. Therefore, Huobi chose to use the platform currency as the basic currency to pay for operational costs, as the project uses a “dual standard”. This means that if we do not consider price fluctuations, there would not exist the so-called dual system, thereby avoiding negative effects or losses.
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